Keppel REIT

Keppel REIT

0.62
EUR
0.00
(0.00%)
0.03EPS
Jan 27Next Earn
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
0.06
0.06
0.05
0.05
0.05
0.05
0.05
0.05
0.06
0.06
0.06
0.07
0.07
0.05
Basic EPS, GAAP
0.2
0.13
0.11
0.08
0.05
0.05
0.04
- -
0.07
0.11
0.05
0.03
0.12
0.05
Free Cash Flow per Basic Share
0.02
0.01
0.04
0.03
0.04
0.03
0.03
0.03
0.03
0.04
0.05
0.05
0.06
0.03
Dividend per Share
0.08
0.08
0.06
0.06
0.05
0.05
0.06
0.04
0.06
0.06
0.06
0.06
0.07
0.06
Book Value per Share
1.4
1.41
1.49
1.44
1.41
1.45
1.41
1.41
1.4
1.45
1.4
1.35
1.38
1.39
Tangible Book Value per Share
1.38
1.39
1.47
1.44
1.41
1.45
1.41
1.41
1.4
1.45
1.4
1.35
1.38
1.39
Basic Weighted Avg Shares
2,713
2,857
3,189
3,258
3,335
3,396
3,395
3,389
3,635
3,721
3,763
3,810
3,894
3,111
Sales/Revenue/Turnover
174
184
170
161
165
166
164
170
217
219
233
262
274
160
Operating Margin (%)
25.09
33.21
36.36
34.46
38.26
42.58
44.05
47.25
50.92
51.28
51.49
52.32
54.6
48.72
Depreciation Expense
45
37
19
15
12
8
3
- -
- -
- -
- -
- -
- -
- -
Net Income, GAAP
535
372
339
258
180
154
127
-6
241
415
178
108
454
143
Effective Tax Rate (%)
3.04
3.03
7.62
7.63
8.69
6.21
7.42
94.34
8.25
0.45
5.56
0.92
2.65
6.94
Profit Margin (%)
307.21
201.94
198.84
159.8
109.46
92.63
77.66
-3.48
111.34
189.18
76.38
41.46
165.57
89.36
Working Capital
-273
-155
74
230
-285
140
-17
-48
-47
82
-169
-651
-1,287
-59
LT Debt
2,401
2,390
2,464
2,482
2,097
2,226
2,022
2,222
2,539
2,208
2,074
1,964
2,437
2,033
Total Equity
3,899
4,459
4,778
4,899
4,915
5,336
5,164
5,220
5,590
5,865
5,751
5,641
6,007
5,133
Return on Invested Capital (%)
2.38
2.1
0.67
0.7
0.78
0.88
0.83
0.06
1.27
1.31
1.35
1.65
1.62
0.96
Return on Capital (%)
9.39
6.23
5.53
4.28
3.21
2.86
2.28
-0.13
3.42
5.12
2.63
2.11
5.44
2.38
Return on Common Equity (%)
14.53
8.9
7.34
5.41
3.79
3.18
2.64
-0.12
4.84
7.84
3.32
2.07
8.48
2.99

Capital Structure

SGD

•

in mil. unless spec.
Dec'19
Mar'20
Jun'20
ST Debt
100
100
143
LT Borrowings
2,022
2,041
2,033
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
3,365
3,378
3,388
Market Capitalization
- -
- -
- -

Working Capital

SGD

•

in mil. unless spec.
Dec'19
Mar'20
Jun'20
Total Current Assets
142
139
140
Cash, Cash Equivalents & STI
114
99
88
Accounts Receivable, Net
13
38
40
Inventories
- -
- -
- -
Total Current Liabilities
160
150
199
Payables & Accruals
- -
- -
- -
ST Debt
100
100
143
Deferred Revenue
- -
- -
- -

Growth Rates

SGD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
2.39%
2.93%
6.48%
Free Cash Flow
8.08%
17.14%
18.18%
Net Income, GAAP
-406.73%
-775.37%
319.05%
Sales/Revenue/Turnover
5.21%
10.39%
4.93%
Total Cash Common Dividend
4.82%
15.59%
27.69%

Semi-annual Revenue

SGD

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
233
2024
- -
- -
262
2025
- -
- -
274

Semi-annual Earnings Per Share

SGD

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
0.05
2024
- -
- -
0.03
2025
- -
- -
0.12

Semi-annual Dividends Per Share

SGD

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
0.04
0.06
2024
- -
0.04
0.06
2025
- -
- -
0.07

Company Description

CEO
Hsien Yang Chua
Full Time Employees
24
Sector
Finance
Industry
Real estate investment trusts
Address
1 HarbourFront Avenue Singapore CE Singapore 098632
IPO Date
Apr 28, 2006
Business
Keppel REIT (SGX: K71U) operates as one of Asia's leading real estate investment trusts, listed on the Singapore Exchange, focusing on owning and investing in a diversified portfolio of quality income-producing commercial real estate and real estate-related assets across Asia Pacific's key business districts; its primary assets include premium Grade A office towers and commercial properties such as Marina Bay Financial Centre, One Raffles Quay and Bugis Cube in Singapore, as well as office buildings in Sydney, Melbourne, Perth (Australia), Seoul (South Korea) and Tokyo (Japan). The REIT, established by way of introduction on April 28, 2006 and headquartered at 1 HarbourFront Avenue, Keppel Bay Tower, Singapore, targets stable income generation and sustainable long-term total returns for unitholders through high-occupancy properties leased predominantly to blue-chip multinational tenants in the financial, professional services and technology sectors. Managed by Keppel REIT Management Limited, a member of Keppel Ltd., the sponsor with expertise in real estate and sustainability solutions, Keppel REIT maintains a portfolio valued at approximately S$9.5 billion as of December 31, 2024, with geographic exposure spanning Singapore (majority), Australia, South Korea and Japan. In a significant strategic expansion within the last year, Keppel REIT announced in October 2025 the acquisition of a 75% effective interest in Top Ryde City Shopping Centre, a freehold suburban retail mall in Sydney, Australia, for A$393.8 million (S$334.8 million), marking its entry into the pure-play retail asset class and expected to boost portfolio resilience through diversified income streams from consumption growth; post-acquisition by 1Q 2026, subject to approvals, the portfolio will grow to S$9.8 billion across 14 properties with office at 95.8% and retail at 4.2%. The deal, funded via debt, equity including a S$113 million private placement of 112.5 million new units, and perpetual securities, enhances distribution per unit accretion while complementing its office-heavy holdings. All operational properties hold green certifications, underscoring commitment to sustainability amid ongoing asset enhancements for tenant appeal and rental growth.

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